The key benchmark indices traded on a positive noted on Wednesday morning with the BSE Sensex gaining over 550 points.
At 11:00 hrs, the BSE Sensex was trading at 466 points higher at 49,407 from its previous close of 48,944.14. The Nifty stood at 14776 up by 125 points.
Bajaj Auto, Bajaj Finance, Eicher Motors, IndusInd Bank, and Hero MotoCorp were among the top gainers while JSW Steel, Hindalco, Axis Bank, Tata Steel and SBI Life are the top losers.
Nifty Auto stocks surge 2% to drive morning trade while Nifty Metal stocks fall nearly 1%.
IN the MCX market Gold prices have had a volatile run of late and from a price of over USD2000 per ounce hit in august last year, spot gold is once again hovering near USD 1700 mark internationally at around Rs. 47400 per 10 gm levels.
Now a recent spike in Covid 19 and dollar's losses have again brought about strength in yellow-metal gold which rose in the month of April amid an increase in physical demand for gold.
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